My cheque was finally banked yesyerday. Am happy with the amount NTL have raised:t_up:
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Comparing the two documents below, I note that the shortfall of the SPP is 155,397,863 shares ($1,087,785 worth).
60 days for anyone to buy at 0.7 cents - it wouldn't bother me if the Chinese came back and snapped them up to get the ball rolling :D
https://nzx.com/files/attachments/216399.pdf
https://nzx.com/files/attachments/214670.pdf
How can you buy more? I thought it was closed 30 June?
...Following completion of further discussions with sophisticated investors the shortfall allotment will take place. The company continues to advance discussions with other parties on the shortfall and reminds shareholders and other interested parties that applications for shortfall may be made by qualified sophisticated investors for the next 60 days...
A qualified sophisticated investor appears to be a reference (used in Australian securities law) to an eligible person. See 2CC to 2CF; but to boil it down, they are making an offer of securities to the public without the issue of a prospectus so anyone who wants to invest has to be "signed off" as an experienced investor. This also means anyone, shareholders or otherwise, can apply for more than $15,000 as per the SPP.
If you can get a financial service provider to give you a certificate saying you don't need a prospectus then you can back up the truck, so to speak :D
Do you think a big fish will eat this little minnow up? Seems very cheap at the moment, but has soooo many strings attached
Consent processes
Court cases
You KNOW someone will write to the environment minister and the red tape will pile up
Then there is that big question... is there any gold there?
All that money it just got from the spp will slowly disappear, hopefully at some point in the decade I can get my money back.... we are half way through.... and i'm not sure its likely.
I don't know what your buy in price was Hawkeye, but I know there will be many sitting on a loss at present. However with regards your other points you seem to be somewhat behind the play. Yes there is gold there. They have consent to do what they have asked to do. The Environment court appeal fell over.
Yes ill admit I didn't follow this stock is as much as I have some others. I was unaware the environment court thing fell over, or had completely fallen over in anycase? I thought they were still arguing about something in the courts?
I am aware there was a significant amount of gold/minerals found in the soil tested and hope the mine yields similar results and we have not all been hoodwinked, but its best to keep an open mind about that.
You seem up to pace with it all, are they currently setting up the site for production? or is there something i haven't mentioned above stopping them from doing so?
Also on another note, do you expect a consolidation to occur in the next year or two as the share price presumably goes up? What ratio would you expect?
Thanks I will put some time aside to look at it all. I tend not to look to far back on threads as generally there is a lot of side conversations going on, or someone gets banned and half the information is missing(from their deleted posts), but I will make the effort this time round.